23851 Property Tax Rate

Property owners in ZIP code 23851 (Franklin, Virginia) pay a median of $1,623/year in property taxes on homes valued at $222,700. This translates to an effective tax rate of 0.73%, which is 8% above the Virginia state average of 0.67%.

The monthly property tax burden for a median-valued home in 23851 is approximately $135, which factors into escrow payments on mortgages. This ZIP code is located within Southampton County. This is $620 less than the Virginia average of $2,243/year.

Compared to similar ZIP codes in Virginia, 23851 has higher property taxes. ZIP codes with similar effective rates include 23440 (0.73%) and 23883 (0.73%).

In Franklin, property taxes represent approximately 2.2% of the median household income of $73,333, providing context for the relative tax burden on homeowners in this area.

Virginia has no state property tax — only local county assessments apply, so your Southampton County bill depends entirely on the local rate (0.87%). If you own agricultural land, apply for the Land Use Taxation program through the Southampton County Assessor to reduce your assessment to use value rather than market value. Seniors 65+ and disabled owners should contact the Southampton County Assessor's office to inquire about the circuit breaker property tax relief program, which may reduce your tax liability if you meet income thresholds.